728 E 2nd ST, Elgin TX 78621

The estimated value of this property is $191,253, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $141,000 and $151,000. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in ELLIS. The smaller floor plan (447 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1939, this home is 38 years older than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in ELLIS (a buyer's market), competition is a factor to consider. Recent trends in 78621 show home values have fallen 9.7% since 6 months ago. The most comparable recent sale is 517 N Avenue F, Elgin TX 78621, with an adjusted value of $188,580; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group